Colonial Place Eviction Risk: Moderate , Norfolk

The score leans hardest on economic stress at 10/10. The poverty rate is 40%, which in this model reads as reduced rent-recovery odds after a judgment. Set annual rent against average income of $43,625 and the ratio lands at 42%, above the conventional 30% ceiling.

Cost burden runs 63% here against 50.4% across Norfolk City. 78% of occupied units are rented, so comparables are plentiful and vacancy risk is low, but a mispriced renewal loses the tenant to a building nearby. Running cool, rent-regulation exposure reads 2/10.

Food insecurity runs 30.5% against 17.8% nationally. SNAP participation runs 27.9% against 15.2% nationally.

It sits 1.4 points above the Norfolk City average of 4.1. On the high side, regional political climate reads 7.3/10.

At $1,527 a month, rents run 16% over what the rest of Norfolk commands. Princeton's Eviction Lab logged 374 filings here across 2 tracked years.

The worst year on record was 2016, when 24.7% of renter households were served. This ground was mapped C ("Definitely Declining") on the 1930s HOLC security maps for Norfolk. That grading determined who could get a mortgage, and its imprint on tenure and rent burden is still visible in the ACS data above.

All figures here are ACS 5-year estimates for this tract, refreshed as the underlying releases land.